VanEck China Bond ETF (NYSEARCA:CBON) Sees Significant Increase in Short Interest

VanEck China Bond ETF (NYSEARCA:CBON) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 3,097 shares, an increase of 88.5% from the February 26th total of 1,643 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 4,491 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Kestra Advisory Services LLC bought a new position in VanEck China Bond ETF during the fourth quarter worth $26,000. Rockefeller Capital Management L.P. grew its holdings in VanEck China Bond ETF by 426.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 6,035 shares of the company’s stock worth $138,000 after purchasing an additional 4,889 shares during the period. Susquehanna International Group LLP increased its stake in VanEck China Bond ETF by 2.1% in the third quarter. Susquehanna International Group LLP now owns 39,435 shares of the company’s stock valued at $883,000 after purchasing an additional 815 shares in the last quarter. Finally, OLD Mission Capital LLC raised its holdings in shares of VanEck China Bond ETF by 23.8% during the fourth quarter. OLD Mission Capital LLC now owns 51,213 shares of the company’s stock valued at $1,170,000 after purchasing an additional 9,858 shares during the period. Institutional investors and hedge funds own 14.60% of the company’s stock.

VanEck China Bond ETF Stock Down 0.1%

CBON traded down $0.03 during trading on Thursday, hitting $23.22. The company’s stock had a trading volume of 2,661 shares, compared to its average volume of 4,198. VanEck China Bond ETF has a twelve month low of $21.34 and a twelve month high of $23.42. The stock’s fifty day moving average price is $23.14 and its 200-day moving average price is $22.74. The firm has a market capitalization of $18.58 million, a P/E ratio of -178.62 and a beta of 0.12.

VanEck China Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a $0.0277 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 1.4%. VanEck China Bond ETF’s payout ratio is currently -284.62%.

About VanEck China Bond ETF

The VanEck China Bond ETF (CBON) is an exchange-traded fund that is based on the ChinaBond China High Quality Bond index. The fund tracks an investment-grade, broad-maturity government\u002Fcredit onshore RMB-denominated China bond index. CBON was launched on Nov 10, 2014 and is managed by VanEck.